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In another mostly quiet overnight session where the RBA kept rates unchanged at 1.50% as expected, followed however by an unexpected 25 bps rate cut by the RBI, the main event has once again been sterling, which continued its slump after recent comments by Theresa May that Article 50 would be triggered by March, with cable falling to a 31 year low as Brexit worries were compounded by a stronger dollar, and boosted by resurgent U.read more

Finally after 2 years of continuous upward revisions RBI, in its annual monetary policy for 2012-13, slashed the policy interest rates by 50 basis points surprising analysts and markets. They were expecting a rate cut of 25 bps, but...

S&P500 index futures were unchanged (up less than 0.1%) following another modest, low-volume levitation in European, Asian shares in a mostly eventless overnight session; oil comes off following gaining overnight with WTI trading ju...

With little newsflow out of Europe, and just as little on deck out of the US (just NY ISM and auto sales later today), the main overnight events were out of Asia where first the RBA decided to leave rates unchanged (despite the majo...

When all else fails, pretend it's all good. Like what Australia did, following the just released announcement by the RBA that it is keeping the cash rate unchanged at 4.25% on expectations of a 25 bps rate cut. Which begs the questi...